12,181 Shares in Flowserve Corporation $FLS Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new position in Flowserve Corporation (NYSE:FLS) in the first quarter, HoldingsChannel reports. The fund bought 12,181 shares of the industrial products company’s stock, valued at approximately $895,000.

Several other large investors have also recently bought and sold shares of the company. BOKF NA acquired a new stake in shares of Flowserve during the third quarter valued at about $28,000. Atlas Capital Advisors Inc. bought a new stake in shares of Flowserve during the fourth quarter worth about $36,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Flowserve in the third quarter valued at approximately $36,000. IFP Advisors Inc increased its stake in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after buying an additional 162 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Brian D. Savoy purchased 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on FLS shares. Zacks Research downgraded shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Wall Street Zen cut shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Royal Bank Of Canada decreased their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.70.

Flowserve Trading Down 2.5%

Shares of FLS stock opened at $66.73 on Tuesday. Flowserve Corporation has a 1-year low of $48.71 and a 1-year high of $92.41. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.54 and a beta of 1.23. The stock has a 50-day moving average of $72.90 and a 200-day moving average of $76.91.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities research analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.3%. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

Flowserve Profile

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.